Stocks Sell-Off Sharply, 4 Positions

Mar. 17, 2011 8:42 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2010

Hello and welcome to Selective Chartists. I am Joe Majocha, full-time trader (NYSE, NASDAQ growth stocks) since 2000 and founder of SC(2004). SC offers stock analysis and trading considerations for hedge funds, financial analysts and self - directed traders. Our uniqueness is proprietary scans resulting in an exceptional record of winning trades. Through the day, scans produce a narrow list of candidates positioned for higher levels short-term. Subscribers are notified when price targets are triggered. All reports are available for public viewing by visiting our archive section. Whether you are a novice or seasoned trader, Selective Chartists can enhance your probability to make money and save hours of your time. Please take the time to navigate: I am a speaker at educational forums, featured guest on national radio programs focusing on stock market activity and author of the instructional publication: The ART Of The CHART - A Guide To Knowing When and Why To Buy & Sell Stocks.Try our 30-day risk FREE trial and receive your complementary copy (Ebook).

03/17  8:30am


On Wednesday, major indexes declined sharply for a 3rd straight session in a row. Volume swelled across the board.  Technical indicatos are decisively negative biased.  There is no sector leadership and vast majority of stocks are below 50dMA.

This morning, futures are pointing to a HIGHER opening for the major indexes.  After recent selling sessions, anticipate a snapback rally to occur.  However, anticipate the rally to be short lived....

Focus is on stocks holding above the 50dMA & close to / meeting the CRITERIA. 

Selective Chartists Positions (with BUY price):     4 (subscribers only)

Closely Monitoring: 
Lululemmon (LULU)
Peabody Energy (BTU)
Consol Energy (CNX)
Southwestern Energy (SWN)
Verifone (PAY)
Dollar Tree (DLTR)
Netflix (NFLX)
Sina (SINA)
Chipotle (CMG)
Under Armour (UA)
First Solar (FSLR)
Archh Coal (ACI)

View the charts:
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.